LTCUSD Medium-term Trend: Ranging
Resistance: $166, $164, $162
Support: $154, $156, $158
The LTCUSD pair is the third cryptocurrency that broke it’s resistance level at $155 from the range bound zone. Price broke the resistance level and rose to the high of $164 and later pulled back to the low of $158. Nevertheless, the asset commenced a range bound movement. Today, Litecoin is trading at $158.41.
However, from the weekly chart, price of Litecoin was resisted at the resistance level of $160 when it was initially broken and price pulled back below it. Litecoin may reach the high of $180 if the Bulls overcome the resistance level at $160.
LTCUSD Short-term Trend: Ranging
In the daily chart, price of the asset is ranging. Litecoin was trading horizontally at a price of $152, and later it had a bullish movement which took price to the high of $164. Later, price pulled back as aresult of the resistance by the Bears.
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